Chicago
Feds indict Chicago alderman on charges he extorted developers
Embattled Alderman Ed Burke (14th) was indicted by a federal grand jury on charges that he coerced 601W Companies...
MOST RECENT ARTICLES BY:
John OBrien
National
“Rent control is a risk, just like climate change:” Equity Residential unbowed by affordable advocates
Multifamily investor Equity Residential reported higher earnings in the first quarter thanks to continued demand for rentals and a “sizeable drop in new competitive...
National
Rising up: Here are Chicago’s 10 tallest towers in the works
Chicago became the birthplace of the skyscraper in 1885, and more than a century later developers keep adding to...
Chicago
Riding a wave of demand, First Industrial profits rise in Q1
Benefiting from a booming national industrial real estate market, First Industrial Realty Trust saw its earnings rise in the...
National
Sears sues Eddie Lampert, alleging ex-CEO looted failing retailer of billions
Sears is suing former CEO and current Chairman Edward Lampert, claiming he and other company officials made billions off...
National
Simon posts record Q4; CEO “excited” about evolution of mall industry
Simon Property Group posted record numbers in the fourth quarter, even as mall landlords nationwide faced challenges including retail...
Chicago
LaSalle completes acquisition for Latitude; enters real estate debt fund space
LaSalle Investment Management completed its acquisition of a majority state in Latitude Management Real Estate Investors and its $1.2...
National
Chicago-area resi broker orchestrated $23M Ponzi scheme through mortgage scam: feds
Federal prosecutors said a west suburban real estate broker orchestrated a $23 million Ponzi scheme, pocketing more than $3...
National
Florida-based Accesso Partners adds to Minneapolis-area portfolio with $116M office purchase
Real estate investor Accesso Partners bought a suburban Minneapolis office complex for $115.5 million from a fund managed by New York-based DRA Advisors. Hallandale...
National
Simon Property Group CEO: “We’re putting Sears in our rear view mirror”
Simon Property Group CEO David Simon said the continuing waves of Sears Holdings store closings are providing an opportunity...